VIPIX vs VOE
Vanguard Inflation Protected Securities Fund Insti Shs vs Vanguard Morningstar Mid-Cap Value ETF
Quick Verdict
VOE has a lower expense ratio. VOE delivered stronger 1-year returns. VOE offers more diversification with 176 holdings.
Side-by-Side Comparison
| Metric | VIPIX | VOE | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.05% | |
| AUM | $12.4B | $23.9B | |
| Dividend Yield | 5.21% | 1.81% | |
| Holdings | 63 | 176 | |
| YTD Return | -0.53% | +17.32% | |
| 1Y Return | -2.41% | +24.01% | |
| 3Y Return (annualized) | +0.00% | +17.81% | |
| 5Y Return (annualized) | -4.69% | +10.31% | |
| Volatility (annualized) | 6.7% | 17.6% | |
| Max Drawdown | -24.5% | -63.4% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2003 | Aug 17, 2006 |
VIPIX vs VOE Performance
Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US) and Vanguard Morningstar Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US). Over the past year VIPIX returned -2.41% while VOE returned +24.01%. Year to date, VIPIX is down 0.53% versus a gain of 17.32% for VOE.
Over three years, VIPIX compounded at +0.00% per year against +17.81% for VOE; over five years the annualized figures are -4.69% and +10.31% respectively. Across the full 5-year window we track, VOE has the edge at +7.95% annualized vs -4.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 6.7% for VIPIX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.5% for VIPIX and -63.4% for VOE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VIPIX charges 0.07% per year while VOE charges 0.05%. On a $10,000 position that is $7 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, VIPIX currently yields 5.21% against 1.81% for VOE.
Holdings Overlap
VIPIX and VOE share 0 holdings out of 224 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VIPIX or VOE?
VIPIX has an expense ratio of 0.07% while VOE charges 0.05%. VOE is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VIPIX or VOE?
Over the past year VIPIX returned -2.41% vs +24.01% for VOE, so VOE leads on 1-year performance. Over the longest common window we track (5 years), VIPIX annualized -4.69% vs +7.95% for VOE. Past performance does not guarantee future results.
Which is riskier, VIPIX or VOE?
VOE has been the more volatile fund at 17.6% annualized versus 6.7% for VIPIX. Worst drawdown: VIPIX -24.5% vs VOE -63.4%.
Should I hold both VIPIX and VOE?
VIPIX and VOE have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIPIX and VOE?
VIPIX and VOE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 224 unique securities.
Which pays a higher dividend, VIPIX or VOE?
VIPIX yields 5.21% while VOE yields 1.81%, so VIPIX currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.